About Business Banking Services
Offshore Bank Account in Dubai
Do you think it’s a complex and time-consuming process for companies located outside of UAE to open a bank account in Dubai? As the leading business service consultant in UAE, we partly agree with you, even as we can do the job on your behalf and make it much easier and trouble-free for you. IBM Global have a professional team of accountants and experts with years of experience to assist you to open offshore bank account Dubai.
UAE offers mainly three types of business licenses: mainland license, free zone license and offshore license. Among these, offshore license allows entrepreneurs or working professionals to expand and enter a lucrative international market. It is preferable to open an offshore bank account in UAE to ensure the business operates smoothly, and optimized tax planning.
Offshore Bank Account in Dubai
Surprisingly or not, UAE’s financial institutions don’t place too many restrictions on offshore banking. In fact, UAE offers many more advantages to businesses operating offshore bank account in Dubai than other countries do. The major advantages are:
- Guaranteed privacy with respect to client’s information. No external agency has access to client information held by the bank.
- Full tax exemption. Dubai imposes zero tax on offshore companies.
- High interest rates and competitive fees
- Easy online banking facility
Other benefits of opening an offshore bank account in UAE include the ensured secrecy in conducting international business and easy access to advanced banking facilities offered by UAE banks that might not be available locally.
How to Open an Offshore Bank Account
Often, offshore banking is associated with high financial sophistication and even chicanery. In reality, the average person can open offshore bank account in Dubai in a few hours. You’ll need to do some research to find the specifics relevant to your situation with each offshore bank and the foreign jurisdiction. An offshore bank account can provide you with a range of benefits. Here’s what you can expect.
- Offshore banking is done with a financial institution located outside your home country.
- You will need to provide proof of your identity and other documents to prove your identity before you can open an account with an offshore bank.
- Depending on the source of your deposits, banks may also request information.
- With a debit card or a wire transfer, you can access your account
Requirements to Open an Offshore Bank Account in Dubai, UAE
- During the application process, a company shareholder needs to be present. If physical presence is not possible, then there are two ways to proceed further: either a representative of the bank will meet the client in his native country or the client will visit the bank’s foreign branch in another country for verification of personal identity.
- Submission of essential documents:
- Depending on the source of your deposits, banks may also request information.
- With a debit card or a wire transfer, you can access your account
Why IBM Global?
The process of opening an offshore bank account in Dubai varies from bank to bank, largely because of adherence to own policies and requirements. In any case, the process of opening an offshore account could be quite challenging and time-consuming for an entrepreneur.
With years of experience in the UAE market as a top business consultancy service provider, IBM Global can make offshore account opening a hassle-free experience for you. We have one of the best teams of skilled professionals in the industry who can obtain all kinds of updates and information beforehand so that there is no delay or ambiguities in the whole process. We can guide you with the best advice and support for your business establishment so that you save valuable time and money.
IBM is one of the best online banking services company helps to assist you to open an offshore bank account in Dubai, UAE. Open offshore bank account have many advantages. Our experienced professionals assists you to open offshore bank account online Dubai, UAE. Other benefits of opening offshore bank account are higher returns in international investments, economic and political stability, generate higher interest rates, foreign banking systems offer security, diversify your wealth, higher liquidity, hold multiple currencies, asset protection..
Frequently Asked Questions (FAQ's)
Offshore account basically refers to a bank account that is outside one’s home country. An offshore bank account can be opened in the name of an individual or company, and are termed personal and corporate accounts respectively. Offshore accounts offer multiple advantages including legal and financial.
- Greater convenience
- Complete confidentiality
- Efficient money & wealth management
- Easy transfer of international payments
- Flexibility to use multiple currencies
- Protection of savings
- Little or no tax
- Asset protection
- Increased privacy
- Better returns
- Privileges and benefits associated with foreign exchange services
- Less political risk
- Diversified investment portfolio
Online offshore banking allows greater financial flexibility, and eases financial transaction by enabling operations and financial control from anywhere in the world.
- Availability of services 24/7
- Faster transactions
- Ease of use
- Efficient & quick services